12/6/200612/6/2006

Post - Auction Post - Auction ProceduresProcedures

FM Broadcast Auction (Auction No. 70)

Lisa Stover Auctions Marketing Specialist, ASADThomas Nessinger, Attorney Advisor, Audio Division

12/6/200612/6/2006

DisclaimerDisclaimerNothing herein is intended to supersede any Nothing herein is intended to supersede any provision of the Commission's rules or public notices. provision of the Commission's rules or public notices. These slides should not be used as a substitute for a These slides should not be used as a substitute for a prospective applicant's review of the Commission's prospective applicant's review of the Commission's relevant orders, rules, and public notices. relevant orders, rules, and public notices. Prospective applicants must familiarize themselves Prospective applicants must familiarize themselves thoroughly and remain current with the Commission's thoroughly and remain current with the Commission's rules relating to the FM Broadcast service, rules rules relating to the FM Broadcast service, rules relating to application and auction procedures, and relating to application and auction procedures, and the procedures, terms and conditions contained in the procedures, terms and conditions contained in the Auction No. 70 public notices.the Auction No. 70 public notices.

12/6/200612/6/2006

Closing Public NoticeClosing Public Notice(FedEx Mailing)(FedEx Mailing)

Released approx. 2-3 business days after Released approx. 2-3 business days after the auction closes the auction closes

Includes: Includes: List of winning bidders and bid amounts for each List of winning bidders and bid amounts for each

permitpermit Payments (down payments and final payments) Payments (down payments and final payments)

owed by each bidder and/or refunds dueowed by each bidder and/or refunds due Instructions for when and how to make payments Instructions for when and how to make payments and file FCC Form 301and file FCC Form 301

12/6/200612/6/2006

SOLD! What happens next?SOLD! What happens next?

Down payments will be required to be on Down payments will be required to be on deposit within 10 business days after the deposit within 10 business days after the release of the Closing Public Notice.release of the Closing Public Notice.

Final payments will be required to be on Final payments will be required to be on deposit within 10 business days after the deposit within 10 business days after the deadline for submitting down payments.deadline for submitting down payments.

Within 30 calendar days after the release Within 30 calendar days after the release of the Closing Public Notice FCC Form of the Closing Public Notice FCC Form 301 must be filed electronically.301 must be filed electronically.

12/6/200612/6/2006

Down PaymentsDown Payments

Must have on deposit with Mellon Bank sufficient funds Must have on deposit with Mellon Bank sufficient funds to cover 20% of net amount of winning bid(s).to cover 20% of net amount of winning bid(s).

Due within 10 business days of Closing PN release.Due within 10 business days of Closing PN release. If applicable, a partially completed copy of the FCC If applicable, a partially completed copy of the FCC

Form 159 will be sent to winning bidders.Form 159 will be sent to winning bidders.

12/6/200612/6/2006

Final PaymentsFinal Payments Must have on deposit with Mellon Bank Must have on deposit with Mellon Bank

sufficient funds to cover the balance of the sufficient funds to cover the balance of the net amount of its winning bid(s).net amount of its winning bid(s).

Due within 10 business days after the Due within 10 business days after the deadline for submitting down payments.deadline for submitting down payments.

If applicable, a partially completed copy of If applicable, a partially completed copy of the FCC Form 159 will be sent to winning the FCC Form 159 will be sent to winning bidders.bidders.

12/6/200612/6/2006

Method of PaymentMethod of Payment

Wire Transfer onlyWire Transfer only

Fax FCC Form 159 to Mellon Bank at least Fax FCC Form 159 to Mellon Bank at least one hour before sending wire transferone hour before sending wire transfer

Must use same FCC Registration Number Must use same FCC Registration Number (FRN) used on Form 175(FRN) used on Form 175

12/6/200612/6/2006

FCC Form 301 – Application for FCC Form 301 – Application for Broadcast Construction PermitBroadcast Construction Permit

Submit a Form 301 for each FM allotment Submit a Form 301 for each FM allotment for which you are winning bidderfor which you are winning bidder

File Form 301 electronically through File Form 301 electronically through Media Bureau CDBS electronic filing Media Bureau CDBS electronic filing systemsystem

Feeable Feeable Post-auction long forms require certain Post-auction long forms require certain

auction-related exhibitsauction-related exhibits

12/6/200612/6/2006

Accepted for Filing Public NoticeAccepted for Filing Public Notice

Released by Media Bureau during course of Released by Media Bureau during course of long-form review.long-form review.

Will use CDBS “Broadcast Applications” Will use CDBS “Broadcast Applications” public notices, listing application as public notices, listing application as “Accepted for Filing.”“Accepted for Filing.”

Triggers the ten day Petition to Deny Triggers the ten day Petition to Deny period.period.

12/6/200612/6/2006

Grant Public NoticeGrant Public Notice

Will use CDBS “Broadcast Actions” public Will use CDBS “Broadcast Actions” public notices, listing application as granted. notices, listing application as granted.

Permit is mailed to permittee’s address.Permit is mailed to permittee’s address. Three year construction period.Three year construction period.